TREB: GTA HOME SALES PLUNGE FIRST HALF OF APRIL

Apr 22, 2020

By Bob Komsic

Share on
Pump prices aren’t the only thing rapidly falling these days.
The Toronto Real Estate Board says home sales were down 69% in the first 17 days of April compared with a year ago.

(National Post/Tyler Anderson)
In an unusual mid-month update, TREB President Michael Collins says uncertainty about jobs and the economy were contributing factors, as were physical distancing measures that make homebuying more difficult.
Sales fell the most in the condo segment while higher-end detached sales in the city also saw more declines.
New listings were down 63.7% leaving the market tight enough to support the average selling price in line with 2019 figures.
The average selling price was down 1.5% to $819,665.
The Toronto Real Estate Board says the market may see year-over-year average price declines through April, May and June, though TREB expects the average price for the year to likely stay near last year’s level because of lower sales expected in the second-quarter.
Advertise With Us

To learn about advertising opportunities with Zoomer Radio use the link below:

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: